auto industry - Latest news GMK Center

Demand from the construction and automotive industries was unable to prevent market contraction

In the first nine months of the year, German car exports to the United States fell by almost 14% y/y

Other stakeholders warn of weakening of Europe's climate strategy

The automaker noted, in particular, that the EU package remains incomplete without a clear definition of the local component

The company is discontinuing car production at its Dresden plant amid weak demand, cost pressures, and restructuring

Brussels considers postponing or revising rules amid competition with China and differences between countries

The region needs a regulatory framework that would provide the industry with a reliable long-term planning horizon

Uncertainty surrounding electric vehicles and trade barriers are holding back the industry's recovery in Europe

11 federal states demand regulatory alignment of climate targets for automotive and steel industries

According to the European Commissioner, the bloc also lacks strategic thinking in industrial policy

Associations ask EU leaders to ensure conditions for preserving investments and jobs

This will increase production in the country by 50% over the next four years